Mercedes-Benz reports Q1 revenue and net profit decline
Updated
Updated · The Wall Street Journal · Apr 29
Mercedes-Benz reports Q1 revenue and net profit decline
12 articles · Updated · The Wall Street Journal · Apr 29
The company posted Q1 revenue of 31.60 billion euros, down 4.9%, and net profit of 1.43 billion euros, down 17%.
Earnings before interest and taxes fell to 1.9 billion euros, with the cars business margin dropping to 4.1% from 7.3%.
Despite the downturn, Mercedes-Benz expects 2026 operating profit to surpass last year’s level, citing prior restructuring, and is monitoring Middle East conflict risks to consumer confidence.
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